December 07, 2012

The Morning Wrap

Still fighting: Lawyers for Apple and Samsung were back in federal district court yesterday fighting over damages awards and injunctions in a high profile intellectual property spat, The Recorder reports. "I think it's time for global peace," U.S. District Judge Lucy Koh said. "I'm more than prepared to issue orders. You'll take this up on appeal, and we'll see what happens. But if there's anyway this court can facilitate some kind of resolution, I'd like to do that." More coverage here and here.

Social warning: "Now social-media messages are getting even chief executives in hot water," The Wall Street Journal reports. U.S. securities regulators have warned the Netflix chief executive officer over a post he made on Facebook several months ago. The post, which said the company exceeded more than a billion hours of video streaming, may have violated fair disclosure rules. The New York Times has coverage here.

Paying up: "Sullivan & Cromwell and Weil, Gotshal & Manges joined the stampede Thursday to announce associate year-end bonuses," The Am Law Dailyreports. Above The Law has this report on Weil Gotshal's associate bonuses.

Resigned: Amid a growing scandal over anonymous online commenting by subordinates, Jim Letten resigned yesterday as U.S. attorney for New Orleans, ending an eleven-year run at the top, The Times-Picayune reports. "I stand here before you with enormous, unabashed pride in everything we've accomplished and in the tremendous successes we've forged over these years," Letten said. The Washington Post's coverage is here.

Collapsed: From Reuters: "Hopes for a quick end to the National Hockey League's labor dispute were dashed on Thursday when the latest round of talks broke down." No further negotiations were scheduled.